Oshkosh (NYSE:OSK) Rating Increased to Buy at The Goldman Sachs Group

Oshkosh (NYSE:OSK - Get Free Report) was upgraded by The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat reports. The firm currently has a $131.00 target price on the stock, up from their previous target price of $124.00. The Goldman Sachs Group's target price points to a potential upside of 10.79% from the company's previous close.

Other analysts have also issued reports about the company. DA Davidson decreased their price objective on Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Evercore ISI raised their price objective on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. UBS Group lifted their price objective on shares of Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Bank of America increased their target price on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.14.

Oshkosh Stock Up 4.1%

Shares of NYSE OSK traded up $4.70 during midday trading on Tuesday, hitting $118.24. 832,728 shares of the stock traded hands, compared to its average volume of 663,739. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. Oshkosh has a one year low of $76.82 and a one year high of $119.46. The business has a 50 day moving average price of $100.55 and a two-hundred day moving average price of $98.05. The company has a market cap of $7.61 billion, a PE ratio of 12.63, a P/E/G ratio of 1.66 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $2.89 EPS. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities analysts predict that Oshkosh will post 10.96 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. CX Institutional purchased a new position in Oshkosh in the 1st quarter valued at approximately $28,000. Coppell Advisory Solutions LLC raised its holdings in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Oshkosh in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.